Does BASF still own Wintershall?
Does BASF still own Wintershall?
BASF holds 67% of the shares in the joint venture. In 2021, Wintershall was ranked no. 25 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI)….Wintershall.
| Wintershall in Kassel | |
|---|---|
| Parent | BASF |
| Website | www.wintershall.com |
Where is Wintershall DEA located?
Wintershall Dea’s roots lie in Germany. The company has been active there for more than 100 years. It currently produces from 16 oil fields and around 40 gas fields. Production in Germany is challenging and often only possible at considerable extra cost and effort.
Is Wintershall DEA a good company?
Wintershall Dea has an overall rating of 4.1 out of 5, based on over 38 reviews left anonymously by employees. 83% of employees would recommend working at Wintershall Dea to a friend and 64% have a positive outlook for the business. This rating has been stable over the past 12 months.
Who owns Wintershall?
BASF
Wintershall Dea AG
Wintershall/Parent organizations
Is there a German oil company?
Eni has been present on the German market since 1960 and is active in the Refining & Marketing and Petrochemical business segments. The 100% subsidiary Eni Deutschland GmbH is one of the leading mineral oil companies in Germany.
Who owns BASF Corporation?
75% of the BASF shares are held by institutional investors (BlackRock more than 5%). 36% of the shares are held in Germany, 11% in the UK and 17% in the U.S.
Is Wintershall DEA listed?
BASF SE has a 67% stake in it, with the other 33% being held by LetterOne, whose main ultimate owner is the Russian business magnate Mikhail Fridman. It is planning listing on the Frankfurt Stock Exchange….Wintershall Dea.
| Type | German limited liability company (GmbH) |
|---|---|
| Number of employees | 2,847 (2019) |
| Website | wintershalldea.com |
Does Germany have any oil fields?
Mittelplate, Germany’s largest crude oil field, is located off the German North Sea coast on the southern edge of Schleswig-Holstein Wadden Sea. Wintershall Dea has been producing crude oil from the field for over 34 years – safely and without any incidents.
What brand motor oil is best?
Top 10 Best Motor Oil/Engine oil Brands
- Mobil. This brand appears to be pretty famous within the industry and holds a wide range of lubricant products, including transmission fluids, grease, gear lubricants, oil filters, and motor oils.
- Valvoline.
- Castrol.
- ACDelco.
- Shell Engine Oil.
- STP.
- AmazonBasics.
- Motorcraft.
Is BASF a publicly traded company?
With over 600,000 shareholders, BASF is one of the largest publicly owned companies with a high free float.
How many employees does Wintershall have?
The company employs around 2,500 people worldwide from over 60 nations. Following the approval of all relevant authorities, BASF and LetterOne successfully completed the merger of Wintershall and DEA on May 1, 2019.
Where does the name Wintershall come from?
The name Wintershall (pronounced: Winters·hall) is derived from the surname of Carl Julius Winter and the Old High German word for salt (Hall, see halite, halurgy). Ground was first broken on 23 April 1900 to drill the Grimberg shaft at Widdershausen, and the first Wintershall potash works were built in Heringen.
How did Wintershall get involved in the German oil industry?
The Mittelplate offshore field contributes 55% to the German oil production. From the 1990s, Wintershall became increasingly involved in natural gas trading. An agreement on the marketing of Russian natural gas in Germany was signed with the Russian producer Gazprom in the autumn of 1990.
Why was Wintershall taken over by BASF?
In 1969 Wintershall was taken over by the BASF Group as it was an important supplier of raw materials and thus enabled BASF to secure the resources it needed. The potash mining activities were integrated into Kali und Salz AG in 1970.
